AUD/USD supported on bids near 0.7180 ahead of first key data of the year from China By ross_burland AUDUSD DollarIndex Technical Analysis Commodities China
. ''The late-December COVID surge likely came too late to prevent a pickup in US payrolls after the gain in November appeared to be held down by an overly aggressive seasonal factor,'' analysts at TD Securities said.
The bears have backed off from key support at this important juncture of the bearish impulse. However, if 0.7180 should give, then this could lead to a breakout and opens risk towards 0.7155 in mitigation of the price imbalance between here and there as illustrated above. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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